ENTREPRENEURIAL MINDSET: HOW TO THINK LIKE AN ENTREPRENEUR

Source: https://www.iecl.com/sg/mindset-challenge/

Entrepreneurs are not born. They are driven to it. And this same drive enables them to do what is necessary to be an entrepreneur. Entrepreneurial mindset is a way of thinking that enables you to overcome challenges, be decisive, and accept responsibilities for your outcomes. It is a constant need improve your skills, lean from your mistakes and take continuous action on your ideas. How can you make your journey easier?

Surround Yourself With Successful People
You are the average of the 5 people you spend the most time with. If you want to be successful, Meet successful people and hang out with them. Create a small mastermind group. Learn from each other and share your ideas. Their support and positive example will motivate you to do more and make the right decisions.

Learn To Focus Your Energy
This characteristic is what I have found to be the most important when it comes to entrepreneurial success. Once we have been awakened to the possibilities of success, we also realize how many other opportunities abound.
Individuals who actively work to develop an entrepreneurial mindset are transformed–rarely resembling the person that they once were. They are constantly educating themselves and gaining experience that will lead them to the goals they desire.
Entrepreneurs see and often seek out opportunities. They can learn to see ways to make things better for themselves and others.

Critical Thinking And Problem Solving
Entrepreneurs are analysts. They can learn to see challenges, opportunities and even products in their component parts. They can make deep assessments accurately.

Think Strategically
An entrepreneur is a great strategist and a master at getting others excited about helping them grow the business. They know how to make the most of every opportunity to bring in new prospects, convert them to paying clients, and get them to buy repeatedly. That means carefully planning, strategizing, and measuring results against expectations and re-adjusting. It means taking calculated risks and learning from the ideas that fail–and there are always ideas that fail.

Most people make their decisions about their life and careers from emotion and assumptions. Successful entrepreneurs base their decisions from fact-based thinking.

Act Purposefully With Vision
Vision is what we hope to do with the time that we have.
Have you known anyone that is absolutely driven to succeed? No matter what the obstacle, they keep going. And in most cases it is because they have extraordinary clarity of their vision. They took the time to clearly define what it is that they wanted to do. They stopped and thought about their life, and what it was that they wanted to accomplish. They have the drive to see the task all the way to its outcome.

Do Not Take Failure Too Seriously
Everyone fails from time to time. But it shouldn’t stop you from trying. Donald Trump could, probably, talk about that for hours. The man, who is now worth approximately 4 billion dollars, came through bankruptcy, huge personal debt and a few ideas which were total failures. He is not the only millionaire or, better said, billionaire, who experienced failure like this. The problem is giving up. Learn from failures and quickly get up. Failure is just opportunity for new beginnings. Whenever you fail at something, imagine it happened to one of your closest friends. What would you suggest to them? This little exercise will help you to see the situation from a better perspective.

Time is our most scarce resource. When we realize not as an intellectual construct but as an emotional conviction that our time here is finite, we act purposefully. Successful entrepreneurs protect and manage their time. The most valuable asset you have is your time. Thoughtfully plan your days, weeks, months, and years. Think about both how and with whom you spend your time–it’s likely an indicator of what you are to become.

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Creative, Tech and Business Hub in Aba and Onitsha, Nigeria committed to raising Tech Giants and Using Technology to Grow the SME ecosystem.

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Innovation GrowthHub

Innovation GrowthHub

Creative, Tech and Business Hub in Aba and Onitsha, Nigeria committed to raising Tech Giants and Using Technology to Grow the SME ecosystem.

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